Anthropic eyes $30B funding round

Anthropic is nearing a new financing that could top $30 billion and value the company above $900 billion, according to Bloomberg and other outlets reporting on talks that were still private as of May 23. If completed on those terms, the round would come barely three months after Anthropic said it had raised $30 billion at a $380 billion post-money valuation on Feb. 12. The company has not publicly confirmed a new deal or its final structure. The reported round comes as investors pour larger sums into a handful of AI companies with enough revenue growth to support repeated fundraising at sharply higher prices. ### How did Anthropic get from a $380 billion valuation in February to more than $900 billion now? Anthropic said on Feb. 12 that its Series G raised $30 billion at a $380 billion post-money valuation, led by GIC and Coatue, with participation from investors including D. E. Shaw Ventures, Dragoneer, Founders Fund, ICONIQ and MGX. Anthropic said at the time that the money would fund research, product development and infrastructure expansion. April 29 was the first point at which Bloomberg and Reuters reported Anthropic was weighing a new round at more than $900 billion. CNBC separately said on April 29 that Anthropic was in talks with investors about a financing at a $900 billion valuation. (anthropic.com) May 22 brought a more specific update from Bloomberg, which reported Anthropic could close a round of more than $30 billion at a valuation above $900 billion as soon as next week. TechTimes, citing Bloomberg, reported the same timing and said Sequoia Capital, Dragoneer Investment Group, Altimeter Capital and Greenoaks Capital Partners were expected to co-lead with roughly $2 billion each. (money.usnews.com) ### What are investors buying besides the headline valuation? Anthropic said in its Feb. 12 announcement that its run-rate revenue had reached $14 billion, that customers spending more than $100,000 annually had grown sevenfold in the prior year, and that more than 500 customers were spending over $1 million on an annualized basis. The company also said eight of the Fortune 10 were customers. (bloomberg.com) Claude Code has become a central part of that pitch. Anthropic said on Feb. 12 that Claude Code’s run-rate revenue had grown to more than $2.5 billion and had more than doubled since Jan. 1. The company also said weekly active Claude Code users had doubled since the start of 2026. (anthropic.com) CNBC reported on May 20 that Anthropic was on track to generate $10.9 billion in second-quarter revenue after producing $4.8 billion in the first quarter. CNBC said, citing a person familiar with the matter, that hitting that target would give Anthropic its first profitable quarter. ### Why does the profitability claim matter so much in this round? (anthropic.com) The May 20 CNBC report tied the financing story directly to operating performance, saying Anthropic’s second-quarter revenue would exceed its sales for all of last year if the company met internal targets. CNBC also said Anthropic had been in talks with investors about raising money at a $900 billion valuation. (cnbc.com) Anthropic itself has described heavy demand and heavy infrastructure needs. In its February fundraising post, the company said the new capital would support infrastructure expansion, and CNBC reported the company had been striking compute deals to keep up with demand. ### Who is expected to back the round? (cnbc.com) TechTimes reported that Sequoia, Dragoneer, Altimeter and Greenoaks were expected to contribute about $2 billion each, while existing investors including Founders Fund and General Catalyst were also expected to participate. Anthropic’s February round already included a long list of crossover investors and strategic backers, including Microsoft and Nvidia through previously announced investments. (anthropic.com) ### What happens next? Bloomberg said on May 22 that the financing could close as soon as the following week, though Anthropic had not announced final terms. Any formal confirmation would most likely come from Anthropic, its investors or a securities filing if the company moves ahead with the IPO timeline that some reports have linked to late 2026. (bloomberg.com) (techtimes.com)